Precious metals end higher

Gold ends at highest levels in two weeks

Bullion prices ended higher on Tuesday, 05 January 2016 at Comex. Gold futures settled at their highest level in about two weeks on Tuesday, as uncertainty about China's economy and tensions in the Middle East lingered a day after a global stock-market rout.

February gold picked up $3.20, or 0.3%, to settle at $1,078.40 an ounce. March silver rose 0.9% to end at $13.98/oz.

Equities saw a global selloff on Monday, sparked by worries about an economic slowdown in China and sectarian tensions between Iran and Saudi Arabia, which helped drive volatility in crude oil.

Attempting to calm nerves, China injected some 130 billion yuan ($19.9 billion) into the country's financial system on Tuesday, a day after the Shanghai Composite Index plunged nearly 7% following a weaker-than-expected manufacturing report.

The ICE U.S. Dollar Index, a gauge of the buck against a measure of six currencies, was up by 0.6% on Tuesday. A stronger greenback can diminish the appeal of dollar-denominated assets, making them more expensive to buyers using other currencies.

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